This Terrific Opportunity Could Supercharge AMD Stock in the Long Run

Advanced Micro Devices (NASDAQ: AMD) is mostly known for supplying its chips to the personal computer (PC), data center, and gaming console markets, but the chipmaker is gaining traction in another market that could substantially boost its business in the long run.

Electric vehicle (EV) specialist Tesla (NASDAQ: TSLA) has switched to AMD's chips for its new Model Y vehicles in China, according to Electrek, which is known for its coverage of Tesla and the EV industry. Let's see why this could be a big deal and what this means for AMD's prospects in the automotive industry.

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Source Fool.com